Strong Demand to Drive the Turkish Automobile Market

According to our research report “Turkey Automobile Sector Forecast 2014”, the automobile industry in Turkey has witnessed a sharp recovery during 2010 after being affected by the global slowdown in the previous year. The industry witnessed double digit growth during 2010 due to increased offtake of both passenger cars and commercial vehicles. The sector will witness another growth phase during the next few years as demand for vehicles will increase throughout the region. Activities in Turkish industry will rise notably and drive the growth of sales at a CAGR of around 7% during 2011-2014.

According to our research, the country will witness a growing market for all sub segments of the market, but the primary driver for the overall market will be passenger car segment. Besides this segment, activity in commercial vehicles, i.e. trucks and buses will sustain upward growth trend in the coming years. International export and import activities will also change substantially on the back of various reasons discussed in the report.

Further, our report discusses the direction, wherein the automobile and automotive components industries are likely to move in near term. The report also features forecast for growth in all market segments, individually, both in terms of sales and production. It also includes changing dynamics of international trade (both imports and exports) from the sector. This trade is of special importance to all market players as Turkey acts as an efficient manufacturing hub for both automobile and component manufacturers.

“Turkey Automobile Sector Forecast 2014”, provides latest developments in the automobile sector of Turkey. The report discusses all important facets of the industry in detail. Besides, the report analyzes the market drivers critical to further growth and their impact on the automobile industry. Additionally, the report features business description of key players along with their recent activities. In this way, the report presents a complete and coherent analysis of the Turkish automobile industry.

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